Survey Research & Economic Data
2022 AFP FP&A Survey: Measuring Agility in FP&A
Underwritten by Workday
Financial Planning & Analysis (FP&A) professionals are responsible for navigating shifting economic trends in a quickly changing world. This year’s topic reflects key concerns from the FP&A community about the continuing unsettled business landscape and the need for proactive monitoring, flexible financial operations, meaningful data and open-minded team culture.
Key findings from the survey include:
• Agile Leaders reforecast faster, are more likely to use scenario planning than Core Respondents.
• Agile Leaders rank “agility” as a higher priority than do Core respondents.
• Practitioners have conflicting scores around organizational design.
• The highest scores are for cultural mindset for agility
Staffing and workload are factors which impact an organization’s propensity for agility. While a majority of respondents indicate that the FP&A team is fully staffed, an even larger percentage agree that the FP&A team is working at or above capacity. Even as practitioners report these conflicting trends, 76% of them agree that the biggest barrier to FP&A success is having too many priorities.
In addition to a focus on finance & business and technology & data, personal and team effectiveness plays a role in growing FP&A teams. Respondents cite a mindset of continuous improvement, the ability to live with ambiguity, having a network of expert colleagues, and appropriate staffing levels as key factors in building FP&A supported agility.
AFP thanks Workday for its support of the 2022 AFP FP&A Survey: Measuring Agility in FP&A.
The Traits of Highly Agile Companies
Dec 8, 2022
3:00 PM - 4:00 PM ET
Read the press release.
If you are interested in referencing data from this report in marketing materials, etc. please contact Mariam Lamech, Director Survey Research at [email protected].
Contact [email protected] or call 301.907.2862 for more in-depth information, to read the full report or to arrange an interview with the AFP Research team
Questions about this subject?
Contact Bryan Lapidus, Director of FP&A Practice at AFP.